Lithium Lithium stocks have fallen in value during recent market volatility. For bargain hunters, this is great news. Lithium Americas Corp. (NYSE: LAC) is one of the best picks for long-term lithium investors.

Although this company is yet to generate a profit, it remains a promising option for the future. Lithium is an essential commodity for innovation, particularly in the tech sector. Lithium is found in the advanced rechargeable battery cells used in consumer electronics, smartphones, solar power storage systems, and electric vehicles.

Lithium Americas is currently developing its Caucharí-Olaroz mine, which is 40% complete. The company’s Nevada mine is moving towards full-scale production, although the Coronavirus has presented a short-term challenge. The company has $82.1 million in cash and cash equivalents and recently drew $95.8 million from a $205.0 million credit facility. Operations are sustainable in the mid-term.

This stock is highly speculative, but that’s a constant throughout the wider alternative energy market. The key here is that this stock is affordable and has massive untapped potential. A cautious investment in this low-cost stock could help to diversify a growing bargain portfolio.

Key Data:

  • 1 Year Price Growth: -5.92%
  • YTD Price Growth: 24%
  • 3 Month Price Growth: -13.32%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.